Economies of scale may arise from

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Economies of scale may arise from all but one of the following. Which one is it?

a) spreading the fixed-costs of administration over more customers holds average costs down.

b) doubling promotional expenses to expand sale more that proportionately.

c) government economic subsidies protect firms from competition to avoid losses.

d) having a larger retail space can expand sales more that proportionately.

Reference no: EM13838149

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